Nomura reiterates Buy on Godrej Consumer Products, keeps Rs 1,300 target after June-quarter update
AI Market Summary
Nomura reiterated a "Buy" on Godrej Consumer Products after a stronger-than-expected Q1 update, citing high-teens consolidated revenue growth and EBITDA growth ahead of guidance. India volumes, a recovery in Indonesia, and GAUM strength (including currency tailwinds) support the narrative, while easing input-cost pressure and implemented price hikes improve margin visibility. The news is equity-specific with limited broader cross-asset implications.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.72%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Nomura reaffirmed its “Buy” rating on Godrej Consumer Products (GCPL) and maintained its target price of Rs 1,300. The company’s June-quarter FY25 revenue is expected to rise about 16–17% year on year, while EBITDA is seen up about 14%, both ahead of its full-year double-digit growth guidance. India revenue is projected to grow 13–14% and performance in Indonesia and the GAUM region is described as strong, with 3–4% pricing action implemented across the portfolio. Cost pressures are easing, supporting a clearer path for margin recovery.
